Definition of E-Commerce

(Freepik)

 E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B. The widespread use of e-commerce sites like Amazon and eBay over the past 20 years has significantly boosted the growth of online retail. (Lutkevich,  Chai and Holak, 2022).

Reference:

Lutkevich, B., Chai, W. and Holak, B. (2022) What is e-commerce? definition and meaning, CIO. TechTarget. Available at: https://www.techtarget.com/searchcio/definition/e-commerce#:~:text=E%2Dcommerce%20(electronic%20commerce),or%20consumer%2Dto%2Dbusiness. (Accessed: January 12, 2023).

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